InhaltsangabePreface xi CHAPTER 1 New CEO Activities 1 Immediate Priorities 1 Measure the Business 3 Get to Know the Company 5 Develop a Strategy 7 Create a Budget and Related Systems 9 Review the Management Team 10 Review Risks 11 Review Costs 13 Summary 15 PART I STRATEGY DEVELOPMENT 17 CHAPTER 2 General Corporate Strategy 19 Overview of General Corporate Strategy 19 Building a Strategy: General Concepts 23 Building a Strategy: Product Differentiation 26 Building a Strategy: Low Cost 29 Building a Strategy: Focus on a Niche 32 Building a Strategy: Impact of the Internet 34 Building a Strategy: Additional Comments 34 Strategy Testing 37 Summary 38 CHAPTER 3 Financial Strategy 39 Cash 39 Investments 41 Working Capital 42 Inventory Reduction Decision 45 Fixed Asset Lease versus Buy Decisions 46 Payables 47 Debt 49 Equity 52 Product Elimination Decisions 56 Step Cost Reductions 59 Temporary Labor Decisions 60 Divestiture Decisions 61 Summary 62 CHAPTER 4 Tax Strategy 65 Accumulated Earnings Tax 66 Cash Method of Accounting 67 Inventory Valuation 68 Mergers and Acquisitions 68 Net Operating Loss Carry forwards 69 Nexus 69 S Corporation 70 Sales and Use Taxes 71 Transfer Pricing 72 Unemployment Taxes 75 Summary 76 CHAPTER 5 Information Technology Strategy 77 Reasons for Devising an Information Technology Strategy 77 Developing the Information Technology Strategy 78 Technical Strategies 81 Specific Applications 82 Summary 85 CHAPTER 6 Outsourcing Strategy 87 Overview of Outsourcing 87 Outsourcing Risks 92 Initiating Outsourcing 94 Companies that Take Over Outsourced Functions 94 Summary 97 PART II THE BUDGET 99 CHAPTER 7 Budgeting Process 101 System of Interlocking Budgets 101 Sample Budget 109 Flex Budget 127 Budgetary Control Systems 127 Summary 129 CHAPTER 8 Capital Budgeting 131 Hurdle Rate 131 Payback Period 132 Net Present Value 134 Internal Rate of Return 136 Throughput-Based Capital Budgeting 137 Problems with the Capital Budget Approval Process 140 Cash Flow Modeling Issues 141 Funding Decisions for Research and Development Projects 142 Postcompletion Project Analysis 143 Summary 145 PART III RISK MANAGEMENT 147 CHAPTER 9 Risk Management: General Concepts 149 Risk Management Policies 149 Risk Management Planning 150 Manager of Risk Management 152 Risk Management Procedures 153 Types of Business Insurance 155 Types of Insurance Companies 157 Evaluating the Health of an Insurance Carrier 158 Annual Risk Management Report 159 Summary 160 CHAPTER 10 Risk Management: Foreign Exchange 163 Foreign Exchange Quote Terminology 163 Nature of Foreign Exchange Risk 164 Data Collection for Foreign Exchange Risk Management 165 Foreign Exchange Hedging Strategies 165 Summary 176 PART IV FINANCIAL ANALYSIS 179 CHAPTER 11 Performance Measurements 181 Asset Utilization Measurements 181 Operating Performance Measurements 186 Cash Flow Measurements 190 Liquidity Measurements 193 Solvency Measurements 197 Return on Investment Measurements 199 Market Performance Measurements 204 Summary 206 CHAPTER 12 Cost Reduction Analysis 207 Types of Reports Used for Cost Reduction Analysis 207 Spend Analysis Overview 211 Spend Database 211 Supplier Consolidation Analysis 212 Parts Consolidation Analys ...

InhaltsangabeCongratulations! You've just accepted the pinnacle position of Chief Executive Officer. Now comes the hard part--becoming a successful CEO. There's no room for error and no time for on-the-job training. The New CEO Corporate Leadership Manual provides the recently appointed CEO with the tools, strategies, and techniques needed to make the right decisions every time, from day one and well into the future. Compiled by Steven Bragg--prolific author and esteemed financial guru--this "bible" for the newly minted CEO provides a bonanza of vital information about the financial systems essential to operate a modern corporation, with particular emphasis on funds management, and dealing with investors. Bragg helps you hit the ground running during your first few months on the job by helping you tackle your immediate priorities, including developing measurement systems and reviewing the team, as well as putting out potentially catastrophic fires, such as finding out whether your company is in any financial or legal difficulty. The New CEO Corporate Leadership Manual also addresses areas vital to the CEO, including risk assessment, developing high-level finance, taxation, IT, and outsourcing strategies, capital budgets, risk management, performance metrics, and going public. This winning playbook provides indispensable gems of advice and razor-sharp analytical tools to help you shape and transform your company, including: * The three principal types of competitive strategies * The six primary goals to include in your tax strategies * When to use outsourcing * The key elements of flex budgeting * Multiple approaches for evaluating capital investments * Risk management policies and procedures * Workforce reduction analysis, issues, and alternatives * The three types of financial analysis: performance metrics, cost reduction analysis, and the evaluation of potential acquirees * Valuing an acquisition target * An overview of NASDAQ and the New York Stock Exchange * The mechanics of conducting an initial public offering * How to take the company private From running the day-to-day operations to seeing the "big picture," The New CEO Corporate Leadership Manual presents all the information you need to navigate your organization effectively and profitably towards a lasting legacy of success.

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